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laiz [17]
3 years ago
14

Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $460,000. Shipping costs totaled $11,000. Foundat

ion work to house the centrifuge cost $7,300. An additional water line had to be run to the equipment at a cost of $3,900. Labor and testing costs totaled $5,400. Materials used up in testing cost $3,200. The capitalized cost is:
Business
1 answer:
Yuliya22 [10]3 years ago
7 0

Answer:

$490,800

Explanation:

In order to arrive at the capitalized cost, we will sum up all the cost in the above question because those costs were incurred by the company - Holiday Laboratories to getting the assets prepared for use.

Therefore, Capitalized cost

= High speed industrial centrifuge + Shipping cost + Foundation work + Additional equipment cost + Labor and testing cost + Material cost

= $460,000 + $11,000 + $7,300 + $3,900 + $5,400 + $3,200

= $490,800

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Which of these banking services allows your paycheck to be transmitted electronically to your bank?
DiKsa [7]
The banking that allows that can be chase.
4 0
3 years ago
The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory ov
lesantik [10]

Answer:

$26,000 adverse variance

Explanation:

Fixed Overheads Volume Variance = Budgeted Overheads at Actual Output - Budgeted Fixed Overheads

                                                             = $1.30 x 60,000 hours - $1.30 x 80,000

                                                             = $78,000 - $104,000

                                                             = $26,000 adverse variance

The fixed factory overhead volume variance is $26,000 adverse variance

7 0
3 years ago
Angorasia, an Asian country, supports a free market system. The flexible economy of the country makes it fairly easy for new sel
skelet666 [1.2K]

Answer:

The correct answer is letter "C": consumerism.

Explanation:

Consumerism is the approach stating that only individuals' demand for goods and services should drive the economy. This idea departures from the belief that an increase in consumption leads to an increase in production, thus, the overall economic growth.

5 0
3 years ago
Riley Market, Newton Grocers, and Barlow Pantry are grocery stores. During physical inventory, Riley remains fully open, while N
Svet_ta [14]

Answer: Newton Grocers

Explanation: Riley Market, Newton Grocers, and Barlow Pantry are grocery stores. During physical inventory, Riley remains fully open, while Newton closes until the count is complete. Barlow falls between the others, selling only a small selection of essential items such as milk and bread during inventory. Newton Grocers would have the most accurate inventory because Newton doesn't close until the count is complete.

5 0
3 years ago
During the first year of operations, a company sold $115,000 of goods to customers and received $97,500 in cash from customers.
rjkz [21]

Answer:

$43,500

Explanation:

<em>Net income = sales - expenses </em>

sales = 115,000

expenses (cost) = 71,500

net income = 115,000 - 71,500 = 43,500

<u>We calculate based on the matching principle.</u>

The revenues and expenses should be recognized during the period they occur.

In this case, the sales are for 115,000 regardless of the amount collected during the period or subsequent periods

The expenses for the period are 71,500 Even if a portion remains unpaid at the end of the year, all the expenses for the year should be included in the calculation.

8 0
3 years ago
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